why is healthcare accounting important?

Answers

Answer 1

Answer:

Nowhere is accounting more important in a medical practice than in revenue cycle management (RCM). ... Managing a medical office's payments received. Processing and tracking, which can often become complex. Determining patient eligibility for specific services.

Explanation:

Accounting plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information which can be used in making business decisions.


Related Questions

what is a withdrawal account classified as? (Asset, Liability,Owners equity,Revenue,or Expense account)

Answers

Answer:

Asset

Hope it helps.

Have a good day

It is a good idea to share you PIN and all passwords with friends and family, just in case you forget.
O True
O False

Answers

Answer:

that depends on your family, but it would be true, i would write them down, plus if you dont your parents would be stuck in a loop. (have a few private ones lol)

Explanation:

True or False?
Social workers work at both the state and national level.

Answers

True




Explanation: because true

22. Akshay worked at a cafe while he was a college senior in Boston,
Massachusetts. After graduating in June, he moved back to his home in
California and started a full-time job in September. Which of the following
statements is true?

Answers

Answer: The answer is C

Explanation: I got this correct on a test

What is the primary goal of the purchasing process?

Answers

answer : ensure uninterrupted flows of raw materials at the lowest total cost, improve total cost,improve quality of the finished goods produced,and maximize customer satisfaction

Select all that apply.

Learning styles include all of the following:


bodily/kinesthetic

verbal/linguistic

naturalistic

personal

Answers

Answer:

bodily/kinesthetic

verbal/linguistic

Explanation:

Learning styles can be regarded as range of competing as well as contested theories which analyse

differences that exist learning of in individuals. It should be noted that the Learning styles includes

✓bodily/kinesthetic

✓verbal/linguistic

Answer:

verbal/linguistic

bodily/kinesthetic

naturalistic

Explanation:

checked answer on Odyssey

Which of the following statements is most true of order-getting salespeople?
A They seek out possible buyers and use an organized, creative
approach to present messages.
B. They call on buyers further down the marketing channel than their
company's own customers.
C. They focus on completing sales accurately and courteously.
D. Their role is a less expensive kind of selling than order taking.

Answers

Answer:they seek out possible buyers and sue an organized creative approach to present messages

Explanation:

The following statements are most true of order-getting sales people  They seek out possible buyers and use an organized, creative. Thus option (A) is correct.

What is Sales?

A sale is an agreement between a buyer and a seller in which the seller exchanges money for the sale of tangible or intangible products, assets, or services. There are two or more parties involved in a sale. A sale, or a contract between two or more parties, such as the buyer and seller, can be thought of in larger terms.

The following statements are most true of order-getting salespeople  They seek out possible buyers and use an organized, creative.

Therefore, Thus option (A) is correct.

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9/10
What do you need in order to fill out your 1040?
Your W-2
Your employer benefits documentation
Your credit card statement
Your job offer

Answers

Answer:

d

Explanation:

Answer:

Your job offer

Explanation:

took the test

What primary risk are business owners taking when selling shares of their companies?

Answers

answer:

giving away a percentage of their company and maybe losing their power as only one leader.

explanation:

this question was already answeredcredits: https://brainly.com/question/1957314

When was the first convention center built?

Answers

Answer:

1851

Explanation:

hope this helps :)

Answer:

1851

Explanation:

Among the first historical convention centres constructed was The Crystal Palace in London's Hyde Park. Providing 92,000 m2 of exhibition space, the building was erected in 1851 to house The Great Exhibition a grand show case of modern industrial technology and design

There is not a deadline for the "T" part of the SMART goal-writing criteria.
2 points
True
False

Answers

True explanation is I know

Answer:

FALSE I know bc I just did it

Explanation:

8. If the price of a good changes from £5 to £4 and demand change from 100 to 120 units, the PED
will be...
(1 Point)
-0.25
-1.0
-0.2
-2.0

Answers

Answer:

Explanation:

dvsf

Why is it important that the whole organization works toward the strategic plan? How do the departments affect each other in reaching their goals?

Answers

Answer:

Its important because if not it will flop and will most likely fail or go into debt, they effect eachother by trying ti be better than the other so a compétition tge whole time.

Explanation:

if this makes sense

name some differences between the requirements and responsibilities between volunteer,intern, and paid jobs

Answers

Answer:

The major difference between job shadowing and an internship is that you perform more duties as an intern than as a job shadow participant. Interns are hired for temporary positions, and they can be paid or unpaid. When you have. a job you are bing paid and normally have more responsibilities.

If you were a business owner, which one would be more important to you (making money or being happy)?

Answers

Answer:

being happy

Explanation:

Answer:

being happy

Explanation:

Becuase if you just work to get money and your not happy gtthen your not doing it becuase you like it.

The price of a ranchette estate is $260,000. The bank requires a 15% down payment and 3 points at the time of closing. The cost of the ranchette is financed with a 30-year fixed-rate mortgage at 7.45%. What is the mortgage amount? *

Answers

Answer:

Missing word "and the cost of one point at the time of closing"

Down payment = $260,000*15%

Down payment = $260,000*0.15

Down payment = $39,000

Amount of mortgage = $260,000 - $39,000

Amount of mortgage = $221,000

Cost of 3 point at the time of closing = 3% of amount of mortgage

Cost of 3 point at the time of closing = 3% * $221,000

Cost of 3 point at the time of closing = $6,630

To understand how democracy developed in ancient Greece, you must examine the polis, which was the Greek word for a
The Greeks shared a language and culture, but each polis had a different government. In 509 BCE, Athens created a new set of rules that gave power to the people. The Greeks called this government a
Members of the Council of 500 were chosen

Answers

Answer:

To understand how democracy developed in ancient Greece, you must examine the polis, which was the Greek word for a city-state. The Greeks shared a language and culture, but each polis had a different government. In 509 BCE, Athens created a new set of rules that gave power to the people. The Greeks called this government democracy. Members of the Council of 500 were chosen randomly.

Answer:

city-state ,democracy ,randomly

Explanation:

just took the test on edge

Differentiate the Single and Double Entry Book-Keeping in your own words. Furthermore, briefly explain the objectives of Double Entry Book-Keeping.

Answers

Answer:

See below

Explanation:

A single entry book keeping is when a cash book is being maintained to record income and expenses. In a single entry book keeping, only one entry is made per transaction like we have in check register.

Double entry book keeping is when an accounting entries have two sides, debit and credit leg. The right hand side is the debit while the left side is the credit.

Objectives of double entry book keeping

• To provide accurate recording of business transactions to management

• When there are problems in financial matters, book keeping assist in solving this problems through its systematic record of financial transactions .

• Book keeping also provide information to the management for making plans and decisions relating to finances.

how does the government pay for roads, schools, and emergency services?

Answers

Answer:

Taxes

Explanation:

The government pays for the roads, schools, and emergency services by collecting taxes.

What are taxes?

Taxes are obligatory contributions made by individuals or organizations by a government agency — whether local, regional, or national.

Tax revenue supports government services, including public works and services such as roads and schools, or programs such as Community Safety and Medicare.

The Internal Revenue Service (IRS) is responsible for collecting income taxes in the United States.

The cost of building and maintaining highways is received from general taxes such as income and sales taxes as it comes from fuel taxes or other "consumer fees" on drivers.

Thus,the government pays for the roads, schools, and emergency services by collecting taxes.

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Name TWO organisations which typically offer
loans to small businesses.

Answers

Answer:

Kabbage: Best Overall.

Fundbox: Best Revolving Line of Credit

Explanation:

How does business generate income?

Answers

Hai!

This depends on the Type of Business.

If it is a Selling Business, they sell stuff to Earn Profit.

If its a Free Online Website/Game. They earn money by either in game purchases or Web Site purchases.  

The process of controlling and making decisions about a business is called:
O Leadership
O Management
O Administration

Answers

Answer:

B. Management.

Explanation:

Management can be defined as the process of controlling and making decisions about a business.

The management comprises of top executives, board of directors or managers who generally control the affairs of a business firm or company.

Basically, they are saddled with the responsibility of defining the policies, set of rules, standards, and procedures so as to preserve or protect the company's assets, boost efficiency, enhance financial accountability, and prevent fraudulent behaviors among the employees.

Also, the decision-making process or responsibilities is essentially vested on the management of a business. Therefore, the management is typically responsible for the success, growth and development of their business.

Which account option is designed to house money for easy access, either by check or by debit card?

O Certificate of deposit

O Checking

O Saving

O Money Market

Answers

The correct answer is checking, you got it

you've been working for a while, but your sister just got a job and is excited to have some of her "own" spending money. Money burns a hole in her pocket. What are some ideas on how she can save some money?

Answers

Answer:

She can put the money in a savings account and only buy thing she needs not wants.

Explanation:

Accenture is helping a large retailer transform their online sales and services. The Data Analyst audits the client's customer journey and maps out the kind of data they need to collect at each touch point. How does this help the client achieve their objectives?

Answers

Answer: a. by updating their sales platform and adding new features

Explanation:

a. by updating their sales platform and adding new features

b. by shifting the focus away from the customer and towards new products or services

c. by identifying products that are poor sellers and removing them from the inventory

d. by increasing their customer knowledge and leveraging that information to improve customer experience.

From the question, we are informed that the data analyst audits the client's customer journey and then maps out the kind of data they will need to collect at every touch point.

This helps the client to achieve their objectives by updating their sales platform and adding new features. This is because we are informed at first that Accenture wants to help the retailer transform their online sales and services.

Accenture was created for helping clients in becoming cloud first business. Accenture extends technology sevices to its clients by brings together the capabilities and industry knowledge at one place.

Accenture helps the clients in transforming their online sales and services by mapping out the customer journey and the data they need to collect at the touch points.This is done after the audit of data of the client by data analyst.

Helping clients in achieving objectives

Accenture can help its clients by updating and analysing their sales platform and adding new and useful features to it which will help the clients in achieving objectives.

Therefore accenture can help in this manner to its clients in increasing and transforming their online sales.

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a. by updating their sales platform and adding new features

Explanation:

a. by updating their sales platform and adding new features

b. by shifting the focus away from the customer and towards new products or services

c. by identifying products that are poor sellers and removing them from the inventory

d. by increasing their customer knowledge and leveraging that information to improve customer experience.

From the question, we are informed that the data analyst audits the client's customer journey and then maps out the kind of data they will need to collect at every touch point.

This helps the client to achieve their objectives by updating their sales platform and adding new features. This is because we are informed at first that Accenture wants to help the retailer transform their online sales and services.

What is an index fund? Explain in your own words.

Answers

Answer:

An index fund is a mutual fund or exchange trade fund designed to follow certain present rules so that the fund can track a specified basket of underlying investments

If you were a business owner, which would be important to you (making money or helping people)

Answers

Answer:

making money

Explanation:

because if you are a business owner you should be making money to stay open :) the you can help people after words

Maddie is creating a survey to determine student's favorite place to shop. This type of research is

Primary
Secondary
Media
Product

Answers

Answer:

Primary

Explanation:

Any survey is an example of a primary research.

The research by Maddie, who created a survey to determine students' favorite places to shop, is A. Primary research.

What is primary research?

Primary research depends on direct data and not on previous data collected by another researcher.

For example, Maddie's creation of a survey to determine students' favorite places to shop demonstrates primary research.

Thus, the research by Maddie, who created a survey to determine students' favorite places to shop, is Option A.

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According to the speaker, what are the three traditional Gs of growth?

Answers

Answer:

Consistent, Competitive & Profitable.

Explanation:

correct on edge

The three traditional Gs of growth are Growth, Gratitude, and Giving

What is tradition?

The standard of a piece of information being discussed is indicated by tradition. For instance, "Homer is said to have been born on the island of Chios, although many other places have historically claimed him as their own." It may never be possible to confirm or deny this custom.

Growth: In other words, if you develop your workforce, your business will do the same. Don't you make an effort to hire employees that are smarter than you Give them an opportunity to succeed while guiding them while they do so.tradition

Gratitude can take many different forms. Your customers conducting business with you, internal promotions, and improving someone. Investing in a better world and receiving assistance in whatever form are both aspects of gratitude.

Giving: is a straightforward conclusion; you give it your all without holding back. Giving is recognizing the need and taking action to provide assistance in any form that is practical. Giving ultimately causes the business world to whirl. If you do it, other people will too. That's how easy it is.

Therefore,  Traditional Gs of growth are Growth, Gratitude, and Giving

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a store at the mall having a minimum age requirement for workers is an example of which category of employee rights?

A. employee polygraph protection
B. workers compensation
C. workplace safety and health
D. wages and hours ​

Answers

Answer:D

Explanation:

I believe !

An example of a category of employee rights is a store in a mall that has a minimum age restriction for employees. Another example is salaries and hours. Hence option D is correct.

What rights do workers have?

You won't experience bullying or unjust treatment because of your race, colour, religion, sexual orientation, gender identity, national origin, handicap, age, or genetic information. Equal payment is made for comparable effort.

The Act establishes and makes clear three rights for employees: a "right to know" about the risks associated with their employment, a right to report workplace hazards to OSHA, and a right to protection against reprisals for exercising OSHA-protected rights.

Elimination of all forms of child labour, effective outlawing of forced or involuntary labour, and the abolition of discri mination based on unjust treatment employment and occupation, the right to associational freedom, and.

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